Predictions for 2022: Brace yourself
After two years of unprecedented challenges faced by real estate, experts share their predictions for 2022.
Peter Ferrari Chief executive, AshbyCapital
This year will be an interesting one for workplaces, with businesses and individuals settling in to hybrid working and finding the balance that works for them. ESG will continue to be a major consideration. With 80% of office stock set to be obsolete in the next 10 years, there is a huge opportunity for property companies that understand regulatory and occupier requirements.
I expect increased repurposing of existing buildings, given a heightened focus on embodied carbon. Well-located retail that merges digital and physical will also do well, as consumers seek experiences and increasingly question the environmental aspect of shopping online.
In terms of investment, notwithstanding any further shocks, I expect a return to pre-pandemic volumes. London has demonstrated significant resilience and remains top of global investors’ wish lists, so I anticipate a resurgence in international investment in the capital.